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| November 2009 | © The National Underwriter Company | Volume 6, No. 4 |
| SPONSORED BY |
Remove the guesswork from retirement planning By Jim Johnson When asked what makes them nervous about the stock market, most clients equate stocks with their income for retirement. That way of thinking amounts to "income guessing," not income planning. The financial professional's role is to help clients remove the guess-work from retirement planning strategies and build confidence in funding both their short- and long-term goals. Those professionals who guide clients through the seven sources of retirement income, and the related potential tax implications, can add greater value to the process. Here are some points to consider. [ To comment on this topic, write to the editor. ] The professional needs to assist clients with issues relating to basic income needs. This can be done by helping them understand controllable expenses, such as…click here for entire article Jim Johnson is vice president of advanced markets at Allianz Life, Minneapolis, Minn. His e-mail address is [email protected]. __________ Sign up today! If you have received this letter from a colleague and would like to receive your own copy just click here to subscribe |
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Ask the expert: When does the five-year Roth clock stop ticking? - by William J. Wagner - A qualified distribution from a Roth individual retirement account is excludable from income. A qualified distribution from a Roth IRA is a distribution that is made after the five-taxable-year period. This period begins with the year in which the…click here for entire article |
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Numbers paint mottled picture of retirement market - Some retirement savers may be in a lot better shape than others, according to several retirement surveys and plan analyses. One paints a grim picture, one suggests that hospital plans may be faring well, and a third suggests 401(k) plan participants may be starting to…click here for entire article Most seniors to stick with Medicare plans - More older Americans about are thinking about changing their Medicare plans, says Allsup Inc., Belleville, Ill., However, the actual percentage of Medicare beneficiaries who want to switch is still…click here for entire article Maybe target date funds should be renamed: Government officials - by Allison Bell - One investment fund that was supposed to be designed for workers retiring in 2010 had 68% of its assets in stock, and one 2010 fund lost 41% of its value in 2008. To keep the fund names from misrepresenting…click here for entire article Rule issued to protect pensions of citizen soldiers Pension terminations rising: Testimony Retirement savings rebounding: Survey Personal savings up, says report Rising bond yields seen aiding pensions Internal Revenue to develop cash balance plan guidance Many departing workers cash out 401(k) plans: Hewitt |
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Why boomer retirees should consider Treasury Inflation Protected Securities - by Thomas F. Streiff - Before the financial crisis began two years ago, certain "truths" were held as undeniable—for instance, that Modern Portfolio Theory works; asset allocation and buy-and-hold with rebalancing works; and equities outperform inflation. Now, it appears some of those truths aren't…click here for entire article Investor Protection Act raises alarms at advisor forum - by Warren Hersch - Phoenix, Ariz. - If Congress goes ahead with extending a fiduciary standard of care to all broker-dealers, that could lead to huge changes in the everyday lives of financial professionals who act as trustees. The broker-dealer fiduciary standard provision is part of…click here for entire article Ebsa opinion could affect financial professionals - Those serving as a broker for a client's individual retirement account and non-IRA accounts may be affected by an advisory opinion Concerning clients who has run up debts related to the IRA. Released by The Employee Benefits Security Administration, the opinion looks at whether the IRA can grant the broker a security interest in the…click here for entire article Labor Department unit again postpones advice rules for retirement plans Clients growing tight with advisors, Hancock finds |
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The National Underwriter Company |
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